Voucher Funds' Corporate Allies



data Data and Source

A survey of managers of Russian voucher privatization funds indicates that voucher funds are significantly more successful in cooperating with management than with state and worker shareholders. Among funds surveyed, 67% listed management as among the three most cooperative shareholders, while non-managerial employees and the state were listed among the three most cooperative shareholders by 12% and 10% of funds, respectively. Management was similarly was much more likely than the state or workers to help a fund secure a seat on the enterprise's Board of Directors.


topic Enterprise Restructuring in the FSU